Platinum to Silver Ratio for Last 5 Years

Platinum : Silver Ratio

The platinum: silver ratio tells us the relative quantitative values of platinum and silver or, in other words, the amount of silver that can be bought with a troy ounce of platinum. Given the two metals' different industrial uses, the respective prices of platinum and silver fluctuate at different times and at different rates, causing the ratio to fluctuate. It is a straightforward relationship to understand, the higher the ratio, the more expensive platinum is compared to silver and vice versa.

5 Year Ratio

By far the rarest of the precious metals, platinum has always tended to be worth a considerable amount more than silver. However the ratio hit a record low in 2011, as the silver price peaked and platinum entered a dip that has continued over the last 5 years. Although it has recovered slightly since then, it still sits much closer to its lowest point than its peak. While platinum once cost as much as 154 times more than silver, in early 2016 this ratio has now hovers at around 60.

This has occurred during a period in which the prices of all precious metals have dropped significantly after peaking in mid-2011. Platinum, however, has fallen much further than the other metals relative to its historical price, meaning the ratio is much lower than it tends to be.